


Lenovo Group announced its financial report as of March 31, 2023, dated May 24. According to the announcement, Lenovo Group’s total sales last year were approximately US$61.947 billion, a 14% decrease from the same period last year.
The financial report shows that Lenovo Group’s business group, including personal computers, tablets, smartphones and other smart device businesses, saw its revenue fall by 21% year-on-year. Lenovo explained the decline as the industry faces pressures from excess channel inventory, conservative customer spending and currency fluctuations.
Lenovo Group's segment profit margin fell 31 basis points year-on-year to 7.3%. Profit from one of the divisions of the smart device business group fell 24% year-on-year due to ongoing macro challenges and pressure to reduce excess inventory in the channel. However, Lenovo Group also pointed out that the revenue of the Infrastructure Solutions Business Group and Solution Services Business Group hit a record high, with year-on-year increases of 37% and 22% respectively.
According to the editor’s understanding, the financial report also pointed out that non-personal computer business increased by 7%, accounting for nearly 40% of the combined revenue of Lenovo Group’s three business groups, a year-on-year increase of 7 percentage points. However, the PC business was weighed down by continued macro headwinds, causing Lenovo's total revenue to decline 14% to $61.9 billion, with currency fluctuations having a negative impact of 5% on revenue. Profit attributable to equity holders fell 21% to $1.6 billion. However, after excluding one-time restructuring and other charges, the profit fell by 10%. Net profit calculated in accordance with non-Hong Kong financial reporting standards fell 13%.
Lenovo Group stated that its net cash position throughout the year has remained stable, with a balance of US$366 million at the end of the year, and its cash conversion cycle has also improved by 12 days.
Taken together, Lenovo Group faces challenges and pressures in the industry, and its financial reports reflect the downward trend in total sales and profits. Lenovo's strong growth in its infrastructure solutions business group and solution services business group has had a certain positive impact on it. Lenovo Group expressed that they will continue to work hard to respond to market changes and challenges in order to maintain the company's steady development momentum.
The above is the detailed content of Business structure adjustment: Lenovo's smart device revenue fell 21%. For more information, please follow other related articles on the PHP Chinese website!

The rise of Chinese women's tech power in the field of AI: The story behind Honor's collaboration with DeepSeek women's contribution to the field of technology is becoming increasingly significant. Data from the Ministry of Science and Technology of China shows that the number of female science and technology workers is huge and shows unique social value sensitivity in the development of AI algorithms. This article will focus on Honor mobile phones and explore the strength of the female team behind it being the first to connect to the DeepSeek big model, showing how they can promote technological progress and reshape the value coordinate system of technological development. On February 8, 2024, Honor officially launched the DeepSeek-R1 full-blood version big model, becoming the first manufacturer in the Android camp to connect to DeepSeek, arousing enthusiastic response from users. Behind this success, female team members are making product decisions, technical breakthroughs and users

DeepSeek released a technical article on Zhihu, introducing its DeepSeek-V3/R1 inference system in detail, and disclosed key financial data for the first time, which attracted industry attention. The article shows that the system's daily cost profit margin is as high as 545%, setting a new high in global AI big model profit. DeepSeek's low-cost strategy gives it an advantage in market competition. The cost of its model training is only 1%-5% of similar products, and the cost of V3 model training is only US$5.576 million, far lower than that of its competitors. Meanwhile, R1's API pricing is only 1/7 to 1/2 of OpenAIo3-mini. These data prove the commercial feasibility of the DeepSeek technology route and also establish the efficient profitability of AI models.

Midea will soon release its first air conditioner equipped with a DeepSeek big model - Midea fresh and clean air machine T6. The press conference is scheduled to be held at 1:30 pm on March 1. This air conditioner is equipped with an advanced air intelligent driving system, which can intelligently adjust parameters such as temperature, humidity and wind speed according to the environment. More importantly, it integrates the DeepSeek big model and supports more than 400,000 AI voice commands. Midea's move has caused heated discussions in the industry, and is particularly concerned about the significance of combining white goods and large models. Unlike the simple temperature settings of traditional air conditioners, Midea fresh and clean air machine T6 can understand more complex and vague instructions and intelligently adjust humidity according to the home environment, significantly improving the user experience.

Website construction is just the first step: the importance of SEO and backlinks Building a website is just the first step to converting it into a valuable marketing asset. You need to do SEO optimization to improve the visibility of your website in search engines and attract potential customers. Backlinks are the key to improving your website rankings, and it shows Google and other search engines the authority and credibility of your website. Not all backlinks are beneficial: Identify and avoid harmful links Not all backlinks are beneficial. Harmful links can harm your ranking. Excellent free backlink checking tool monitors the source of links to your website and reminds you of harmful links. In addition, you can also analyze your competitors’ link strategies and learn from them. Free backlink checking tool: Your SEO intelligence officer

DeepSeek-R1 empowers Baidu Library and Netdisk: The perfect integration of deep thinking and action has quickly integrated into many platforms in just one month. With its bold strategic layout, Baidu integrates DeepSeek as a third-party model partner and integrates it into its ecosystem, which marks a major progress in its "big model search" ecological strategy. Baidu Search and Wenxin Intelligent Intelligent Platform are the first to connect to the deep search functions of DeepSeek and Wenxin big models, providing users with a free AI search experience. At the same time, the classic slogan of "You will know when you go to Baidu", and the new version of Baidu APP also integrates the capabilities of Wenxin's big model and DeepSeek, launching "AI search" and "wide network information refinement"

AI Prompt Engineering for Code Generation: A Developer's Guide The landscape of code development is poised for a significant shift. Mastering Large Language Models (LLMs) and prompt engineering will be crucial for developers in the coming years. Th

This Go-based network vulnerability scanner efficiently identifies potential security weaknesses. It leverages Go's concurrency features for speed and includes service detection and vulnerability matching. Let's explore its capabilities and ethical


Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function

MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

SublimeText3 Chinese version
Chinese version, very easy to use

PhpStorm Mac version
The latest (2018.2.1) professional PHP integrated development tool

SublimeText3 Linux new version
SublimeText3 Linux latest version